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ZAMBIA

Debt-ridden Lusaka opts for Highgate to burnish its international image

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“Debt diplomacy”

AFRICA

Debt diplomacy

Because the fight to contain it has involved the use of public funds, the Covid-19 pandemic has led to an explosion of debt throughout Africa, forcing countries to seek a moratorium from the G20 and bring in consultants to help them negotiate with their sovereign, private sector and institutional creditors. In the West, the growth of African countries' debt has led to fierce competition between private and public sector creditors to obtain repayment of their debts. China is also involved but has shown little inclination so far to reschedule African countries' debts. [...]

The Zambian government has recruited the London consultancy to manage its international communications on restructuring its external debt, which is estimated to stand at over $12bn. [...] (255 words)

Published on 11/01/2021 at 05:00 GMT Reading time 2 minutes

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ZAMBIA
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ZAMBIA Mining 08/02/2021

Lusaka to list mines alongside Euronext's big players

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Sovereign debt: Paris manoeuvres to involve Beijing in "new deal" with African states

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The ins and outs of extending G20 debt moratorium again

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Lusaka bets on gold to pay off its massive external debt

After having long devoted its energies exclusively to copper mining, Zambia is now pressing ahead with the development of gold mining with a view to benefiting from the recent increase in prices and generate fresh revenues for the state.

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Apco Worldwide
Cleary Gottlieb Steen & Hamilton
Highgate
Lazard
Mercury
Mikheïl Saakachvili
Thomas Eymond-Laritaz
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Debt-ridden Lusaka opts for Highgate to burnish its international image

Debt diplomacy

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Uptick in copper exploration followed by Rio Tinto, Anglo American and other majors

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Debt-ridden Lusaka opts for Highgate to burnish its international image

Debt diplomacy

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

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Set up email notifications for these topics

Uptick in copper exploration followed by Rio Tinto, Anglo American and other majors

Lusaka to list mines alongside Euronext's big players

G20 debt moratorium ushers in golden age for sovereign advisor

Sovereign debt: Paris manoeuvres to involve Beijing in "new deal" with African states

The ins and outs of extending G20 debt moratorium again

Lusaka bets on gold to pay off its massive external debt

Mohammed bin Salman counts on APCO to promote Saudi nuclear programme

Set up email notifications for these topics

First visit

Contacts

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A website produced by

Indigo Publications also publishes: